Big Banks

Big Banking Scandal Wall Street Is Hiding From You

October 8, 2016 Zach Cartwright, www.usuncut.com Educate! Big Banks, Wall Street

By Zach Cartwright for U.S. Uncut - Your community’s tax dollars are getting quietly pilfered by Wall Street banks, and the banks are doing an excellent job of keeping the how away from you. The amount of public money spent on just bank fees and interest every year numbers anywhere from the hundreds of billions to the tens of trillions. The exact amount is available through Comprehensive Annual Financial Reports

Putting Class Back In Class Warfare

June 12, 2016 Inequality.org, www.inequality.org Resist! Big Banks, Big Pharma, Inequality, Oil & Gas, Resistance

By Inequality.org, You have probably seen the work of the Other 98%, but you may not have known who was behind it. Flash mobs at the Target store, guerilla projections at Koch brothers meetings, marching against the Tea Party. Their social media posts and info-graphics, video animations and creative direct actions abound our internet feeds.John Sellers One of the sparks behind this movement is veteran organizer John Sellers. Sellers got his start working with Greenpeace, climbing buildings, hanging banners, and sailing the high seas. Later he co-founded the Ruckus Society, teaching creative direct action skills to campaigners from around the world. Lately, he’s been organizing the “Kayaktivist” protests in the Pacific Northwest against Shell Oil’s arctic drilling. He is co-founder of the Other 98%, a social media and creative action powerhouse with the goal of “Kicking Greedy Corporate Asses for the Harder Working Classes.”

The Big Banks Can Be Beaten

June 2, 2016 Sarah Anderson, www.otherwords.org Resist! Banks, Big Banks

By Sarah Anderson for Other Worlds - When the 2008 financial crash slammed the New York City construction industry, Maribel Touré’s husband lost his job as an architect. On top of that, Maribel suffered a serious accident. But what really plunged the family into financial trouble was sending their daughter to college. As a child growing up in Mexico, Maribel’s father had repeatedly told her that la educación es la clave — “education is the key.” So she worked hard to obtain a college degree in Mexico and then moved to the United States, where she became a radiology technician.

Breaking: Iceland PM Resigns Over Panama Papers

April 5, 2016 Staff, www.france24.com Educate! Big Banks, Corruption, Finance and Economy, Government, Iceland

By France 24 Europe. "The prime minister told (his party's) parliamentary group meeting that he would step down as prime minister and I will take over," the deputy leader of Iceland's Progressive party and Agriculture Minister Sigurdur Ingi Johannsson told a live broadcast. Gunnlaugsson, 41, had been under pressure to resign after the leaked documents revealed that he and his wife Anna Sigurlaug Palsdottir owned an offshore company in the British Virgin Islands and had placed millions of dollars there. Iceland’s opposition party filed a motion of no-confidence on Monday as thousands of protesters gathered in front of parliament, hurling yogurt, eggs and bananas and demanding the departure of the leader of the centre-right coalition government, in power since 2013.

Wall Street Fees Are Bleeding Our Cities Dry

February 21, 2016 Zach Cartwright, www.usuncut.com Educate! Big Banks, Debt, Public Banks, Wall Street

By Zach Cartwright for US Uncut. United States - Cities, counties, and states are all hemorrhaging hundreds of billions, and possibly even trillions of dollars a year in banking fees. The root cause of this extortion has been ignored, until now. The Public Banking Institute’s (PBI) What Wall Street Costs America project is shining light on the fact that fees paid to private Wall Street banks simply for managing accounts for state and local tax dollars is bankrupting communities across the country. The combined total for all 50 states may be as high as $4 trillion. United States - Cities, counties, and states are all hemorrhaging hundreds of billions, and possibly even trillions of dollars a year in banking fees. The root cause of this extortion has been ignored, until now. The Public Banking Institute’s (PBI) What Wall Street Costs America project is shining light on the fact that fees paid to private Wall Street banks simply for managing accounts for state and local tax dollars is bankrupting communities across the country. The combined total for all 50 states may be as high as $4 trillion. PBI has launched a crowdfunding campaign to find the true cost of what private Wall Street banks really cost in major cities in all 50 states: 1pbi “The latest banking collapse cost people their lives, their homes, their educations, their futures. What we have been seeing is that Wall Street extracts hundreds of billions of dollars of our taxpayer money used for our public needs. That’s not necessary,” PBI board chair Walt McRee told US Uncut. “We don’t need to borrow their money for public needs.”

Jail The Bankers And Take Back Control Over Money

February 8, 2016 Kevin Zeese and Margaret Flowers, www.PopularResistance.org Create! Banking, Banking and Finance, Big Banks, Modern Money Theory

By Kevin Zeese and Margaret Flowers. Bill Black of the newly formed Bank Whistleblowers United is interviewed about the plan they have put forward to instill the rule of law on Wall Street and end fraud with the hope of mitigating the effects of the next financial crisis. The plan they put forward could be taken by a president within 60 days without congressional action. It would instill the rule of law on Wall Street and end fraud with the hope of mitigating the effects of the next financial crisis. We also spoke with Randall Wray, an expert in financial instability and macroeconomics, about alternatives to the current financial system that would bring greater stability. His focus is on Modern Money Theory which believes government spending on essentials like infrastructure, transition to clean energy, tuition-free college education and repaying the debts of students, among other things. It believes in shrinking the role of the Federal Reserve...

17 Of The Worst Corporate Crimes In 2015

December 27, 2015 Phil Mattera, www.DirtDiggersDigest.org Educate! Big Banks, Big Pharma, Bribery, Climate Change, Corporate crime, Finance, Food and Agriculture, Oceans, Oil and Gas, pollution, Wage Theft, Workplace hazards

By Phil Mattera for Dirt Diggers Digest. The ongoing corporate crime wave showed no signs of abating in 2015. BP paid a record $20 billion to settle the remaining civil charges relating to the Deepwater Horizon disaster (on top of the $4 billion in previous criminal penalties), and Volkswagen is facing perhaps even greater liability in connection with its scheme to evade emission standards. Other automakers and suppliers were hit with large penalties for safety violations, including a $900 million fine (and deferred criminal prosecution) for General Motors, a record civil penalty of $200 million for Japanese airbag maker Takata, penalties of $105 million and $70 million for Fiat Chrysler, and $70 million for Honda. Major banks continued to pay large penalties to resolve a variety of legal entanglements. Five banks (Citigroup, JPMorgan Chase, Barclays, Royal Bank of Scotland and UBS) had to pay a total of $2.5 billion to the Justice Department and $1.8 billion to the Federal Reserve in connection with charges that they conspired to manipulate foreign exchange markets.

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